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Real Estate
Reply to "Did National Harbor real estate flop?"
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[quote=Anonymous]I know a lot of people who bought condos there off the plans as investments, thinking the area was going to be a big success. The developers touted a lot of higher end retail and restaurants and were going to make it more like a higher end mosaic. There actually were better retail options when it first opened but there wasn’t the foot traffic so most of them left. Investors also didn’t get the rents they wanted so quickly got out, even if at a loss, so that hurt condo prices. If you remember the retail when it first opened, it was a lot better. As an example, there was a large south moon under (not my ideal, but my teenagers would go there for it). Well it’s not a tire store. Finally, the last 2 times we’ve been there, there have been big groups of teens on atvs flying through the intersections. It didn’t even feel safe as a pedestrian [/quote]
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